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SINGLE_FAMILY - Corona, NY
Prime corner retail property featuring a ground-floor store plus a fully renovated 3-bedroom, 1-bath residential apartment above. Each unit has its own separate heating system. The residential apartment has been completely renovated, including a brand-new kitchen and bathroom, along with new electrical and plumbing throughout. This is an excellent income-producing investment opportunity, ideal for a 1031 exchange, offering an attractive 6.5% cap rate. The retail tenant enjoys use of a three-car garage and is responsible for all real estate taxes, enhancing the property's cash flow. Conveniently located just 0.5 miles from the 103rd Street-Roosevelt Avenue subway station. 1st Floor (Retail): 24.81 * 48.14 2nd Floor (Residential): 24.81 * 36.25 Additional unused FAR, offering future potential. A strong, turn-key investment.
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Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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